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Babcock Street NE - Babcock Street Development

8.16 Acres of Commercial Land Offered at $3,950,000 in Palm Bay, FL 32905

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Investment Highlights

Located In U-Hauls List of Top Growing Cities in 2024
Expanding Job Growth With An Expanding Residential Factor

Well Located To Major Traffic Arteries
Significant Frontage Along Babcock Street

Executive Summary

Amazing Vacant Land Development Opportunity In Palm Bay, FL, Brevard County. Dual Zoned Development Project. Great Workforce Housing Opportunity.

Property Facts

Price	$3,950,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior General Freestanding Hold For Development Unknown
No. Lots	1	Total Lot Size	8.16 AC
Property Type	Land

Price	$3,950,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior General Freestanding Hold For Development Unknown
Total Lot Size	8.16 AC

1 Lot Available

Lot

Price	$3,950,000	Lot Size	8.16 AC
Price Per AC	$484,069

Price	$3,950,000
Price Per AC	$484,069
Lot Size	8.16 AC

Situated on the east side of Babcock St, just north of Palm Bay Rd. The lot is "L-shaped", with the western portion fronting Babcock St zoned HC, Highway Commercial. The remaining interior of the site area is zoned RM-20, Multifamily Residential.

Description

Amazing Vacant Land Development Opportunity In Palm Bay, FL, Brevard County. Dual Zoned Development Project. Great Workforce Housing/Live Local Act Opportunity. Lot Size 8.16 Acres Per Public Records. Approximately 2+/- Acres Zoned HC (Highway Commercial) With Approximately 500 Feet Of Frontage Off Babcock Street. Remaining 6+/- Acres Zoned RM-20 With Potential For 100+ Units. Located Just 3 Miles From Indian River. Access To A+ Rated Schools, Retail Shops & Entertainment Within Minutes.

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PROPERTY TAXES

Parcel Number	28-37-22-00-00254.0-0000.00	Improvements Assessment	$0
Land Assessment	$725,620	Total Assessment	$725,620

PROPERTY TAXES

Parcel Number

28-37-22-00-00254.0-0000.00

Land Assessment

$725,620

Improvements Assessment

Total Assessment

$725,620

zoning

Zoning Code	HC/RM-20 (Dual Zoned HC, Highway Commercial and RM-20, Multifamily Residential.)
HC/RM-20 (Dual Zoned HC, Highway Commercial and RM-20, Multifamily Residential.)